Prime Commercial Land
For Sale
$395,000
4200 Victory Dr, Columbus, GA 31903
1.67-acre portfolio with retail space and development potential.
Property Size2,505 SF
Lot Size1.67 Acres
Price / SF$157.68
Days on Market510
Property Features for 4200 Victory Dr
General Information
Standard status
Active
Size
2,505 SF
Lot size
1.67 Acres
Listing Agency:
G2 Commercial Real Estate
(706) 660-5418
Listed By:
Jack Hayes · License #336627
(706) 580-0614
Source:
Exprealty
Added: Apr 28, 2025
Changed: Sep 11
Last Checked: Sep 19 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of G2 Commercial Real Estate
Investment Insights
Based on property information with market context.
This portfolio comprises 10 contiguous parcels, totaling approximately 1.67 acres. One parcel includes a fully leased 2,505 square foot retail space. The tenant provides a reliable income stream, currently paying $2,400 per month, with no landlord maintenance responsibilities. The remaining nine parcels consist of undeveloped land suitable for future commercial development. Eight parcels are zoned Neighborhood Commercial (NC), which allows for various commercial uses, including retail, office, and mixed-use development. The remaining two parcels are zoned Single-Family Residential (SFR), currently limited to residential use but potentially offering future redevelopment or rezoning opportunities. The location on a high-visibility road benefits from an average daily traffic count of over 28,000, providing strong exposure and accessibility. Parcels included in the sale are 062 053 001, 062 053 022, 062 053 020, 062 053 003, 062 053 004, 062 053 005, 062 053 006, 062 053 017, 062 053 018, and 062 053 019.
Key Highlights
- 1.67 acres of contiguous parcels with significant commercial development potential.
- High‑visibility location with over 28,000 average daily traffic count.
- Existing income‑producing retail space generating $2,400 per month with no landlord maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,260
$610.3K
Cap Rate 7%
$435,900
$435.9K
Cap Rate 9%
$339,033
$339.0K
Market Conditions
NOI Build-Up for 2,505 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.7K $18.24/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$43.6K $17.40/SF
− OpEx
−$13.1K −$5.22/SF
NOI
$30.5K $12.18/SF
Area
Columbus, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,260
Cap Rate 7%
$435,900
Cap Rate 9%
$339,033
Alternative Uses
Best Use
Retail
$435.9K
$381.4K – $508.6K
NOI $30,513 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$560.5K
$490.4K – $653.9K
NOI $39,235 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 21%
Hotels & Casinos 16%
Waffle House
Dining
6,903 visits/mo
0.1 miles
Exxon
Shops & Services
2,625 visits/mo
0.5 miles
Holiday Inn Express & Suites Columbus-Fort Benning
Hotels & Casinos
2,547 visits/mo
0.4 miles
Papa John's Pizza
Dining
1,728 visits/mo
0.3 miles
Krispy Krunchy Chicken
Dining
1,331 visits/mo
0.1 miles
Demographics for 31903, GA
20,703
Population
9,593
Households
2.2
Avg Household Size
34
Median Age
8%
College-Educated
76%
High-School Grad
10.0 sq mi
ZIP Area
2,070
Density / Sq Mi
$29,488
Median Household Income
$27,063
Median Earnings
$873
Median Rent
$75,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 1.67-acre portfolio with retail space and development potential.
Where is this retail space located?
The property is located at 4200 Victory Dr Columbus, GA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1.67 acres of contiguous parcels with significant commercial development potential.; High‑visibility location with over 28,000 average daily traffic count.; Existing income‑producing retail space generating $2,400 per month with no landlord maintenance.
